Archrock, Inc. (NYSE:AROC) Receives $24.50 Average Target Price from Brokerages

Archrock, Inc. (NYSE:AROC) has received an average rating of “Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $24.50.

A number of research analysts recently commented on AROC shares. Citigroup started coverage on Archrock in a report on Friday, September 27th. They issued a “buy” rating and a $24.00 price target for the company. Evercore ISI began coverage on Archrock in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 target price on the stock. Mizuho initiated coverage on Archrock in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price objective for the company. Stifel Nicolaus increased their target price on shares of Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. began coverage on Archrock in a research report on Friday, September 6th. They set an “overweight” rating and a $24.00 price target on the stock.

Archrock Stock Down 0.7 %

AROC opened at $20.11 on Friday. The firm has a 50 day moving average price of $20.25 and a 200 day moving average price of $20.13. Archrock has a 1 year low of $12.41 and a 1 year high of $23.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.94 and a current ratio of 1.53. The company has a market cap of $3.14 billion, a PE ratio of 24.23 and a beta of 1.51.

Archrock (NYSE:AROC) last released its quarterly earnings results on Tuesday, July 30th. The energy company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $270.53 million for the quarter, compared to analyst estimates of $270.61 million. Archrock had a return on equity of 16.35% and a net margin of 13.20%. Sell-side analysts expect that Archrock will post 1.07 earnings per share for the current year.

Institutional Trading of Archrock

Institutional investors and hedge funds have recently bought and sold shares of the stock. UniSuper Management Pty Ltd purchased a new position in shares of Archrock during the 1st quarter valued at $852,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Archrock by 18.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,270,818 shares of the energy company’s stock valued at $24,997,000 after buying an additional 195,549 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Archrock by 77.2% in the first quarter. BNP Paribas Financial Markets now owns 69,992 shares of the energy company’s stock valued at $1,377,000 after purchasing an additional 30,493 shares during the last quarter. Quantbot Technologies LP bought a new position in Archrock in the 1st quarter worth approximately $1,251,000. Finally, Fisher Asset Management LLC acquired a new position in Archrock during the 4th quarter valued at $752,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

About Archrock

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.